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Market Breadth & Situational Awareness of Nifty : Wednesday 29th January 2025

  


                   Market Breadth & Situational Awareness of Nifty: Wednesday 29th January 2025






Nifty today closed strong with positive 0.9%.

The downtrend is still intact as per the price chart.





Situational awareness or Market environment data still says that Nifty is in a downtrend.
Strength and direction towards the right is still in the red. This shows that Indian market as a whole or not just Nifty 50 stocks lacks strength. Moreover, the direction is also not present to trade.

Medium and Positional term trends are also negative.

There is a change in High data. From negative 15.73, it has moved to negative 1.9. This means that buying is coming and stocks are moving up. 

Short-term direction is positive. From yesterday's indecision, it has now moved to positive territory signalling a positive move for next few days. Thurst is also showing a strong number showing a positive thrust towards upside in  stocks witnessed today.

To summarise :

Short term and thrust positive - Short term trades can be taken as per strict risk management as long term environment is still bearish. We are just looking for a small up thrust for 2-3 days (Holding period 2-3 days)

Strenght + direction + highs + Medium trend - Swing trades with holding of week should be Avoided.

Strenght + direction + highs + Positional trend - Positional trades spanning between few weeks to a month should be Avoided.



 




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